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NBC
Jan 27, 2013 8:00am PST
quote saying, look, you know, get more revenues if you want them. raise tax rates if you need them. just get something done. silicon valley, a lot of the innovators in the country, big job creators, big idea people, not natural allies of your way of thinking. so that's the question. who's really with you? >> i don't know if i agree with that. they believe we should have tax reform. we have the highest corporate tax rate in the world. we are taxing our small businesses at rates higher than corporations. when we tax our job creators
FOX Business
Jan 27, 2013 2:30am EST
tax happy lawmakers. see if their message is heard. cashin in kicks off right now. good morning, i am eric bowl glad you are joining us. mr. wayne rogers and johnathon honic and tracey burns and sandra smith and dennis. welcome everyone. forget the pay roll tax hike and fiscal cliff deal. senator chuck schumer making no secret tax hikes are coming. tracey much like phil mickleson enough is enough. >> eric enough is enough. i barely saw my paycheck. i am glad phil mickleson spoke out. he can leave and go to another one of his homes if the estate taxes are too high. >> i can't. unless we move the new york study is itio. i got to live near my job. i don't have that luxury. >> johnathon aren't we taxed enough already. >> we are indeed . states like new york and eric you are talking about 60 percent of your earnings. no wonder they are leaving in droves. high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labor. you are a slave. california is more t
SFGTV2
Jan 28, 2013 2:30pm PST
a good deal of work happening in the background like the transition of the different payroll tax incentiv incentives. the tax and treasures office is beginning their implementation but the basic concepts are we we need to help business prepare for a transition. so in your binder is a - is information that we've put together so that if i go to a business association that i hand this out to walk them through. some of this i'm going to highlight on some of this. let's go to the first slide. next thank you. so as your well aware that now we have a 1.5 percent payroll for businesses in the city that have payroll over $250,000 i should say 2 hundred and 50 thousand one dollars. of a business is under 2 hundred and 50 thousand they don't pay the payroll taxed. so the grois receipts will phase over a 5 year period starting the tax year of 2013 so next year. and this phase is is to low both businesses and the city to have a smooth transition so that if for any reason the gross receipts is not bringing in as much money we are operating as a deficit but it the gross receipts is coming in a
FOX News
Jan 26, 2013 11:00am PST
, pro golfer, says that high taxes may drive him out of california. we've got discussisuggestions w should consider if he moves. and hillary clinton, her legacy as she prepares to leave washington at least for now. now. >> we will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations. >> paul: welcome to the journal editorial report, i'm paul gigot. that was president obama in his inaugural address monday, promising to make global warming a top priority in a second term, it's an issue that is sure to bring some fierce policy showdowns, the first of which may come under the keystone xl pipeline since 2008. and a revised route through nebraska this week, the final hurdle to the project at the state level and 53 senators, including 9 democrats sent a letter to the white house on wednesday urging president obama to expedite its approval. and joining the panel this week, wall street journal assistant page editor, james freeman and senior economics writer steve moore and washington columnist kim strassel. kim, where did that
FOX News
Jan 27, 2013 3:00pm EST
second term. why that may end up costing you big. plus, pro-golfer phil mickelson says high taxes may drive him out of california. we've got some suggestions on what states he should consider if he moves. and hillary clinton's swan song. look at her performance this week on capitol hill and her legacy as she prepares to leave washington, at least for now. >> we will respond to the threat of climate change. knowing that the failure to do would betray our children and future generations. [cheers and applause] >> welcome to the journal. editorial report. i'm paul gigo. that was president obamahi prom messing promising to make global warming. first may come over the keystone excel oil pipeline which has been under review since 2008. governor proposed a revised route for the pipeline through nebraska this week. the final hurdle to the project at the state level. and 53 senators, including nine democrats sent a letter to the white house on wednesday s urging president obama to expedite its approval. joining the panel this week "wall street journal" assistantan editorial page editor jame
SFGTV
Jan 31, 2013 3:30pm PST
they're still developing things like the tax credits and how that will be applied. who you get into some of the larger entities there's bigger structures and that needs to be careful communicated so that when the time for outreach there's one package of information going out. so the tax and treasurers office have additional staffing for that >> commissioner reeling. >> so of a small business the gross receipt is less than 1 million it's exemption. >> right the first million is not exemption so if you will look at page 2. the whole 2 million is taxable >> yeah, but it's at a different taxable rate. so if you look at that page once you reach over a million that million is a taxable minimum >> so for schedule one 1.75 percent of - the first million is at - the 5 hundred thousand is taxable at the 1 point percent tax rate. >> commissioner. >> what about the businesses that are a combination of the manufacturing and other businesses structure. >> right so going back to i think i think this is where we need to work this out. we're not going out and educating businesses right now. the likelihoo
KCSMMHZ
Jan 29, 2013 2:00am PST
. italy -- why small businesses are protesting against tax collectors. and luxembourg -- why illegal immigrants there want to get registered. children are typically raised by tibia will parents, but does it matter if they are a mother and father, or can two fathers or two mothers do just as well -- children are typically raised by two parents. single-sex families are a controversial issue in europe. the number of so-called rainbow families are on the rise, but their legal status varies from country to country. in germany, gay and lesbian couples cannot jointly adopt a child or a baby. they can only adopt as individuals. in france, when the government announced its intention to give homosexual couples equal adoption rights, large crowds took to the streets in protest. >> for these two little boys, having two mothers is nothing unusual. their parents are a lesbian couple. beatrice, seen here, adopted the boys as a single woman. her partner had no legal say in it, and by french law, singles may adopt, but same-sex couples may not. an initiative is under way to change that. for these two
LINKTV
Feb 1, 2013 4:30am PST
. italy -- why small businesses are protesting against tax collectors. and luxembourg -- why illegal immigrants there want to get registered. children are typically raised by tibia will parents, but does it matter if they are a mother and father, or can two fathers or two mothers do just as well -- children are typically raised by two parents. single-sex families are a controversial issue in europe. the number of so-called rainbow families are on the rise, but their legal status varies from country to country. in germany, gay and lesbian couples cannot jointly adopt a child or a baby. they can only adopt as individuals. in france, when the government announced its intention to give homosexual couples equal adoption rights, large crowds took to the streets in protest. >> for these two little boys, having two mothers is nothing unusual. their parents are a lesbian couple. beatrice, seen here, adopted the boys as a single woman. her partner had no legal say in it, and by french law, singles may adopt, but same-sex couples may not. an initiative is under way to change that. for these two
FOX Business
Jan 28, 2013 8:00pm EST
. how they are launching a full frontal assault on republicans and your privacy. but next, all the tax many money democrats got from their fiscal cliff win is all lost. how they spent it in one boat. officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> the agreement being worked on right now to further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. liz: really, reduce the deficit? that did not take long. all of that new tax money drummed up by raising rates on the upper bracket is gone. congress spending it all in one boat. says this is proof positive tax hikes alone won't be what fixes our debt. >> that is absolutely right. members of congress, particularly democrats getting reelected and help putting america back on a path for fiscal sanity. they will not be fiscal sanity. liz: it was just so ugly, whole group of taxpayers and dr. norse attacked, basically now resting the p
FOX Business
Jan 28, 2013 11:00pm EST
launching a full frontal assault on republicans and your privacy. but next, all the tax many money democrats got from their fiscal cliff win is all lost. cliff win is all lost. how they officemax knows... cliff win is all lost. how they ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as to
SFGTV2
Jan 30, 2013 10:30am PST
hold accountable are those who want to cut taxes for the rich and no fair share who want to live in the privatized environment and not care about the civic situation. that is truly damaging to the possibility of already beleaguered ideals. nothing is simple. i cover the former soviet union and russia. i could go on at great length about how boris yeltsin undermined democracy and became a hero democracy. lech walnsa in many ways was not the. working bloke many made him not to be. gorbachev was a visionary who came to power. he saw he needed to change the country. he used his powers to do that. he withdrew from afghanistan. he called for nuclear abolition. he worked with ronald reagan. he understood you need political solutions, not military solutions. when the soviet troops were ready to come out of the barracks so the berlin wall would not come down, he told them to stay in the barracks, the empire is going. we cannot be a country that will be one of glasnost and perestroika if we live the way we have. it is the 20th anniversary of the soviet union, the end of the soviet union. many
FOX Business
Jan 27, 2013 6:00pm EST
, gun control, and tax hikes. you notice anything missing? bob cusak and sabrina says democrats are embolden this time and spending cuts last on the list. bob, first to you. bob, the president is essentially a lame duck, the second term, 16 months. that's a lot to deal with in 16 months. what's first on the agenda, do you think? >> first is gun control, and, obviously, this was before the connecticut shooting, but he did not talk about it in the first term. he didn't push it. he's going to be pushing that, pushing immigration, pushing climate change, but spending is not on his agenda, cutting spending. i think he was interested in 2011, almost got a deal with speaker john boehner on a grand bargain on entitlement reform, crafting a budget now. i don't think you're going to see major cuts in that. it's a significant shift. remember, obama said the deficit kept his awake in the first term. through his actions, you know, he's not pursuing a lot of cuts and changes to entitlements. liz: what is feasible for the president to get through with a window of 16 months? gun control? what do yo
CSPAN
Jan 27, 2013 7:00am EST
two major problems, the deficit and more taxes. both problems are created by one party rule. what are the big issues in your state? join that conversation on facebook by looking for c-span. let us take a look at the balance of power in state. we can see here who controls the governors' seats. 30 republicans states in red, 19 democratic, and one independent in rhode island. but as your what ray has to say on our democrats line. caller: good morning. i wanted to say that i believe here in the state of texas -- our standard of living is what keeps is going. nobody can live on $7.25 hour. our standard of living is so below the economy it should be at $12 per hour. everything is so expensive right now. it should be, at the very least, $12 per hour. host: you are calling to raise the minimum wage? caller: yes, ma'am. if everybody makes at least $12 an hour, this country would boom so fast. here in the state of texas -- i think it is everywhere. the corruption of the governor and the mayor. big corporate donors, big business owners. they are so many laws -- there are so many laws. they treat
SFGTV
Jan 31, 2013 5:30am PST
business owners have to connect the tax collector. as they scroll down you'll see the permits and licenses you'll need. f a business property register. public health, department of pickup health has any requirements as well as if you locate your truck on a piece of private property i have to interact with the planning department. so all these permits are all listed here and when the yours concludes on view details they'll see what they need to complete and the fees. i can download the form. this is our tax collectors application. and i can go back to the full report to see the rest of the forms with the county there's a fictitious business licenses we are providing information for the state and federal government whatever it's applicable. and some of the other things that are unique to starting a business in san francisco. for example, let's see someone wants to do a consulting business there are certain rules and guidelines to starting a business in your home. we've made easy links so the users can find it easily. building permits should they do any construction work or wait water charges
NBC
Jan 27, 2013 8:00am PST
quote cuts and how much taxes. the president got his -- >> well, simpson 3w0-bowles sai let's get rid of the high tax rates. the president doesn't want that. you had $1 trillion in tax increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argume argument. they were prepared to cut additional spending to be part
FOX
Jan 23, 2013 11:00pm EST
tickets uncovered. the major problems - maryland'' gasoline tax has not been increasedin morr than &p20-years. still eeploringoptionn to aree - boost revenue for transporratiinprojeccs. ootions to boost stilllor - exploringlawmakers arr but years.in more than 20-increased noo been gasoline tax hhs maryland'ss maryland's gasoline tax has 20-yeers.increasedin more than pears.but state lawmakees are still exploringoptions to boost revvnueefor trannportationnrrjjcts.senate like to see baltimore city,, anne arundel andbbltimore counties have the authorrtyto raise local property taaes...and use themoney exclusively for mass transit. bbt he also waats to phase in (millerr "everyone would pay a modest gas tax, aathree percent sales tax tackkd on at the wholesale level and that would raise $300 million and &pthat could be uued for oads " state."so far...no word from the governor onany proposals to raise the gas tax orsales tax tooboost transportationn funning. one man... is killed.../ anotter injured.... shootinn... in... southeast &pbaltimmre . .we... were... on the scene... roundd9-30... laat
CNBC
Jan 29, 2013 7:00pm EST
vitter on many issues. i disagree on this issue. i think we start taxing these people. they are already benefiting from the social serve thes and encase system. so let's tax them. from a security point of view, this is helpful and i think that this is not an amnesty. you are letting people go of a crime. these people are going to have are to pay taxes and crimes. i cthink it is a brilliant program. the only thing stopping it is president obama if he does not agree to it. >> if this does not have border security in it. the republican party, to me, if you give the free flow of immigration for workers, there can still be border security, there could be -- right? anybody who wants to come for legitimate reason ares wants to come. >> right. >> larry, can i ask a question? >> what i want to say, all right i'll direct it tow. the gop should be the party of growth and opportunity and the party of entrepreneurship and the party of upward mobilitity. here is my point. if the brainyacs come in because we want them to stay and want to attract them and if the rest of the workforce lets go of
FOX Business
Jan 25, 2013 9:20am EST
appropriate music. and there is money moving away from high tax states and moving to lower or no tax states. and travis wrote the book "how money walks", a pleasure to be here. stuart: we've got the fancy technology and the number one state where money is walking away. the number one state. right here in new york, we've seen a loss the last 15 years internal revenue service and u.s. census bureau combined. 58 billion out of the state. stuart: there's new york and 58 billion out. >> going to the other places. stuart: is california second? >> that's right you've got nearly 32 billion dollars migrated out. adjusted growth income out of california to the other states. stuart: hold on, talking adjusted gross income. california 31 billion dollars worth of income, that means middle class, wealthier people, they're the ones who moved out taking that money with them. income out. >> that's right, we're looking at 1040 tax returns, taxpayer mobility and not just talking professional golfers or presidents of state. we're talking about working families and all sizes of businesses and going all ov
FOX Business
Jan 26, 2013 12:00am EST
increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united states. we have different issues. >> yes but we have to much austerity you do not want to go our direction. liz: you have been terrific. have a terrific weekend. thank you for watchingre's praye stock, everybody. >> money is next. melissa: here's what's "money" tonight. tim guy near -- geithner out the door, and president obama said he was one of the best ever. we have his report card and whether jack lew can do better. may be the end of the union as membership plunges to a 97-year low. there could be one thing to save the union. we have the former chief here to explain, and there's swatting and mansion
FOX Business
Jan 25, 2013 5:00pm EST
than taxing the rich did nothing to give us deficit reduction or offer accommodations or not entitlement spending that's the longer term debt driver. melissa: susan, talk on the stimulus, how much is directed by him, and how much he had control over or warn what was coming down the road in terms of the bills. what do you think? >> there's revisionist history going on with my fellow panelists, i think. part of the negotiations around the stimulus at that time, republicans wanted even more of the stimulus to be in the form of tax cuts. one-third was tax and two-thirds stimulus. they already didn't like the plan. this was a negotiated solution what we had, and so the idea of putting more money into infrastructure, absolutely, all for it, and tim would have been too 6789 what's the political environment you operate in, and it was not going to happen at that time. unfortunately, that problem persisted, but if you remember, you know, take yourself back to the fall of 2008, beginning of 2009, and you look at the tenure here. we had gdp contracting at, like, 8%. we were hemorrhaging
MSNBC
Jan 28, 2013 9:00pm EST
to buy at one time, we are all treated the same way by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how
CNBC
Jan 31, 2013 4:00pm EST
the payroll tax increased, we want to be cautious around u.s. large-cap stock. we see what happens when interest rates go up. there will be a limit to how high rates will get but will trudge higher here on the ten-year. be careful there. >> a good point in terms of the emerging markets. how do you want to play that and participate in this, etfs or what? >> we try to find managers that try to find a little bit of alpha on that within the various markets. you could do etf iffy want to get in and try to find a manager. there's been able to the last five of the years. >> one of the things about imerging markets that peel don't understand, the ones that are growing the fastest also pay the highest difficult dense. i think can you pla i it with etfs and to it with lower volume etfs. ent rim into that space can be easier and cheaper as well. >> low volatility and better performance, so it's almost a holy grail type of approach. >> and there are a handful of etfs that do just that. >> rick santelli, the jury is still out on whether or not it's official, whether we're actually seeing this m
FOX Business
Jan 31, 2013 11:00pm EST
president that said there was no tax increase, and told us about 17 different tax breaks for small business, if you had your faith in this guy before you voted and you you voted for him, and youon a small, or you work for a small, i have a bridge for sale in brooklyn, i live a long a away, come on, this is nothing. nothinbut promises. marko, what about the fact that government, you small be owners never rely on the government, you rely on your own hutzpah you got. we do, and politicians do not create job and small business owners and entrepreneurs like us. but that is also why i can't understand why you cancel our council on jobs because it is those people there are out there in trenches that are creating jobs across small towns and city across america, why would you stop that dialogue and not listen to them. tom. toma, what about obamacare? the question that has been at least last year. was, the uncertainty, the uncertainty, of what it would cost, do you feel any more uncertainty or had any more certainty now we have one month you were our belt? >> we don't feel more certain about
FOX Business
Jan 29, 2013 11:00pm EST
, everybody got tax hikes but hollywood did not get tax hikes, goldman sachs, for renting was on the space at new freedom tower got a tax break, it is is amazing no one seems to stand on principle but always on their wallet. >> one word comes to mind, that is hypocritical. charles: hollywood and hypocritical, i would have never put those two in the same sentence. how are things for you? the big things with the political act committees is that better or harder or you? >> with a lot of super pacs, i am a big supporter of the super pacs, but i look -- >> is it easier with one giant super pac. >> it depends on what ar are --u are trying to do if there is a big issue with the nra and gun control, there are a lot out there. charles: popping up crazy. i heard chuck hagel with three super pacs? we'll see this all of the time? >> you know, whenever this starts to run, look for it be on regulated. look for the super paces to be regulated. because you know a lot of people complained on both sides, let's -- for example like george soros with pup et ceter puppet stringn addison with puppet string
FOX Business
Jan 29, 2013 8:00pm EST
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FOX Business
Jan 24, 2013 12:00am EST
phil mickelson's pain on california's taxes. with taxes spiking the rich are fleeing for the borders. how much can the state take from the wealthy before there is nothing left? today's "money" power panel weighs in. >> didn't think new york apartments could get any smaller? oh how wrong you are. micro apartment are coming to the big apple. could the miniature spaces bring big profits to the developers and will they spread to more cities? one of the architects is here with the details. even when they say it's not, it's always about money. melissa: first let's look at the day's market headlines and today's market moment. the beat goes on for the bulls. strong earnings from the likes of ibm, and google helped give a boost to stocks. the dow and s&p 500 hit fresh five-year highs. the blue-chips rose 66 points. apple earnings are sliding after-hours. the company reported fiscal first-quarter earnings just a short time ago, beat expectations on the bottom line. came in a bit light on revenues. mcdonald's shares climbed. it beat expectations on the top and bottom line in the fourth quarter.
CNBC
Jan 31, 2013 7:00pm EST
taxation, larry, and you can't tax an economy in the prosperity period. >> look, ideally you would say okay, we're going to freeze government spending at this level and that would mean over time it is going to fall as a percentage of the economy, but you can't ever get congress to do that, right? so it always ends up being something very harsh to get things done. and so this is the consequence that you have to face. at least in the short term. that you're going to have a short-term hit to gdp. but in the long run, the numbers are going to be better for the united states. >> most of that stuff is transfer payments. >> agreed. >> it will not even affect gdp. defense purchases do affect gdp. but to america since nobody ever wants to cut spending -- >> you got to cut somewhere. >> and i would do it right now. >> and it will only happen during bad times, larry. it will never happen during good times. we see that over and over again, when the economy is going gang busters, the government just chooses to spend more. it's in its nature. you have to do it when it's tough. >> lower spending means a s
FOX
Jan 31, 2013 11:00pm EST
! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. pant to be cccaine alwwys haveea clean air of underwear...// underwear..../ two women werr apprehenddd ...aa "j-f-k" airport... while smuggling cooaine... in... duut tape diapers...//. they were flyingg.. from the dominican republiic.. / "k-9"... went bonkers... / authorities noticed the other suspect... had a - weerd alk...//. rash.. s nothing... to... carrying... ovee three kilos... of cocaane...// soo heir... &pfrre.../// . 3 ommon sense says on't woman has neverr een burdened --3 with common sense. sense. this ohii woman .....eing transsprted in the -3&pbacc of aa quad car ... takes her nger out on the car.../ and it's all ccuuhh on - tape....// ashlie tesi ... shatteredd.. the police car's window ,tuesdayy - night.
FOX Business
Jan 30, 2013 9:00pm EST
middle class means more growth overall. i agree about the payroll tax cut and i wish that had not gone away. i do not think that was a good moment for us to go away. i'm on board with that. but i have to tell you that i don't want to lay blame here, but i'm going to. that is all because of congressional republicans. they did not want to see that. [talking over each other] [talking over each other] charles: hold on, hold on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back again soon. thank you all for watching this show. we will have you back soon. t bul you hear what we found out about made in america. also, markets hit new highs. what's driving the latest run? can it last? your smart fun about to shame you in public. tonight, we have the apps that keep you in line and on time. "the willis report" is on the
FOX Business
Jan 29, 2013 9:20am EST
from taxing the rich. that should bring in $80 billion cut was supposed to reduce the deficit, it will not. much of it goes right out the door all over again. we can all debate the wisdom and necessity of massive emergency spending for just charging it to the national credit card shows we are not really serious about controlling our death. 16.5 trillion now, 17 trillion by the falcons would have doubled in the eight years in office. lieve your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, is how we make sense of investing. stuart: good morning vardy and company viewers. it is do-or-die for research in motion. the blackberr blackberry people. very much on the line. here's what we know. the phone will be a touch screen and have a virtual keyboard. also will have a brand-new operating system. so far the device is getting good reviews. gizmodo says it is hotter and more elegant than the iphone 5. more details
CNBC
Jan 24, 2013 4:00pm EST
coming up with a -- >> house majority leader eric cantor is there and says the to leaders tax eswill not sigo up. you're watching cnbc, first in business worldwide. >>> we have had a busy, a barrage of earnings. we've had microsoft and at&t and starbucks, all posting their latest quarterly results minutes ago right here on the show. let's get a roundup now that we've had time to digest and read through all the earnings action. rights, bertha? give it to us. >> reporter: not full digestion but a tummy still full looking at the numbers. fiscal second quarter for microsoft beats by a penny. street looking for 75 cents. refnous more or less in line. actually had missed on both the top and bottom line last quarter. take a look at the reaction of the stock. we've got microsoft here. there we go. it's still down, however. sold 60 million windows 8 loy senses. no details on the surface sales. that's something else people may ask on the license call. at&t, strong on the bottom line, and actually missed on both the earnings for the same quarter last year. they said they saw smartphone f
FOX Business
Jan 30, 2013 11:00pm EST
. uncertainty when it comes to tax dollars in borrowing more money. charles: the mass media, i saw a report in new york. six reasons this wasn't a bad record. did you see that? >> the media was trying to spin this in every way that they could. they were trying to make it look like a god for them. what we need to do is say that as a lack of economic growth policy. where is the job growth policies? right now we have consumer confidence levels that we just got this week. they are plummeting because people are seeing their paychecks shrink as a result of the expirations of payroll tax cuts. people have less money to spend, they are less optimistic about the future. the white house doesn't get it. they still think it is about the storm that happened weeks ago. charles: i have to tell you, gretchen, you mentioned this and maybe they don't care. you know, no speaking or mention of economic growth during the inauguration address. nothing about let's be fair and divvy up the pot. this is what happens perhaps when you divvy up the pot to the gdp. >> there was no mention of the economy and government spe
CNBC
Jan 23, 2013 7:00pm EST
data out of china, whether the payroll tax cut will cut into consumer discretionary spending down the line. apples ipads and iphones sold a lot but the profit margin was slim. is this a company story where the company is in trouble after the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tic
FOX Business
Jan 27, 2013 1:30am EST
. scared of grover norquist and the no new taxes pledge and the black caucus, threats against anyone who cuts any hint of services and entitlements. scared of the aarp, ending anything having to do with retirement or medicare. >> and in the end of the day we'll be in default and like the story, f. scott fitzgerald-- or hemingway, went broke during the crash and he asked how it happened and he said gradually and then all at once, that's what will happen to us. >> one thing at that doesn't stop, the meter, the debt meter, mountain of debt. >> on and on. the average family in this country $52,000 your share of the federal debt and let me tell you, even if the left and right agree where to cut and give you an example here, there is an example, the christopher columbus foundation, $450,000 line item in the budget and congress tried to kill it it seven times, seven times this program continues to this date. and the president tried to kill this program. it still goes on, and these guys can't save money for love or money. >> and charlie, were you standing up for the christopher columbus thin
CNBC
Jan 24, 2013 7:00pm EST
think that's going dissipate through the year. the consumer is in a worse spot primarily because of tax hikes. supply side economics, right. so apple is a consumer company for the most part and i think that any consumer company will struggle. >> that's an important point. let's follow that point. is part of this apple drop weakness in consumer spending or expected weakness, or is it, in fact, the competition from samsung and the fact that the company is not executing. in other words is it a company story, an economics story, what is it? >> there's a lot of company specific stuff going on just comparables this quarter versus a year ago. that's part of it. it's a maturing company to a degree. it's going through its growth phase. now getting into the phase which hopefully will last a long time you focus on return on invested capital. that could be fine. the market has to adjust to that perception. i think the consumer point is a good one. is the consumer going retrench with higher taxes and we see the jobless claims out the last few weeks -- >> coming down. >> they are looking great. >> is
FOX Business
Jan 30, 2013 8:00pm EST
. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ starting at $37,800. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? >> the economy is shrinking and the economy is playing the blame game. charles: welcome, everyone, i am charles payne in for neil cavuto. the administration is saying that it was hurricane sandy and defense spending cuts and uncertainty about marcotte. one more quarter and we are in a double dip recession with us tonight is xander -- sandra smith. >> that's right, they are trying to use this report. uncerta
NBC
Jan 25, 2013 6:00pm EST
faces three misconduct charges and a fraud charge. fasten your seatbelts. there are more gas tax increase proposals floating around annapolis than gas fumes at the pumps. the governor is keeping score. he joins us live from annapolis with more. are we going to have this gas tax or not? >> let me tell you, rob, it feels inevitable, but -- let me tell you, rod, it feels inevitable, but who really knows? there are no shortage of ideas. there are 10 proposals and counting. there are more gas tax proposals than fumes around the pomps. >> my hope is we can get support behind a set of ideas. >> proposals include allowing the local governments to raise taxes 10 cents per gallon. but they can only use the money for local transportation projects. >> we ask for hundreds of millions of dollars of transportation projects and then they say do not raise the gas tax. basically i am putting this back on them. >> the senate president is suggesting that the state sell a private operator and use the funds to pay for light rail expansion in montgomery and baltimore city. >> we need to give the govern
FOX Business
Jan 27, 2013 2:00am EST
government unions lobby for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but there are so many overseas jobs that used to go to unimembers here. is there any way unions can bring those jobs back to china back home. >> yes, manufacturing jobs are coming back to north america because china is coming back. i disagree that the unions are on the defensive when it comes to government. they own government. >> one place it is growing is public sector. >> ebe mac touched on the reason why. government doesn't compete. they raise taxes. private sector where business is up to compete on the price of the product. unions make companies less competitive. >> what does it say about unions. they used to represent . people were proud to put the union label on the product. is that still true, steve? >> no, all you have to do is lookk at detroit and the legacy and companies that went in to right to work states and they paid
FOX
Jan 29, 2013 11:00pm EST
& ook perfect on you, catherine! have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3 & 3 commmn ssess sayy, oo't steal cars.../ butteven more so...// don't steal aacar... you don't... know how to drive. drive. wo armed men in floridaaattempted to ccrjack 3 corveete in orlandoo they pstuck a handdun ii the driiees face then made hii lay down on 3happpned, that's when the drrver haa to give the two crooks a drivers ed lesson at gunpoinn. & 3 they apparennly coulln'tt diiferent times tt push in the & pcutch. because it'' a ssandarddtransmissiin." 3 3 "my first thought wassi guess we don't aveedriver's ee..in school anymore because no one pnnws how to rive a stick. and y secood thing was, don't start tte car. i'm trying to help yoo out he
CNBC
Jan 30, 2013 7:00pm EST
everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester which i think is hilarious. they invented the sequester. we have had tax, spend and regulate policies for four years. why not try something different. let's talk about it with our powerhouse panel. jared bernstein, center on budget and policy priorities. senior fellow. doug holtz-ekin, peter suderman and james freeman, assistant editor for the wall street journal. james, i'm amoused right off the top. team obama starts attacking republicans first of all for the budget cutting sequester which they invented. second of all, for the fiscal cliff which they also invented. how silly is this? there is nothing serious about it at all. >> here we are. this is three years of big spending obamanomics. it's a terrible recovery. not what we need to create jobs. >> worst recovery since 1947. spending, taxing, regulating. we'll get into details. this report is not as bad as it's made out to be. >> i agree. >> the basic thrust is why not try something different? 2% growth is lousy, the wors
FOX Business
Jan 30, 2013 12:00am EST
. ♪ officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: so call it a potential hackers haven, but chattanooga hoping to offer the fastest internet structure in the country. if that's not enough for you, they instituted a new program called geek moves that covers mortgage and moving excepts for ten lucky techs. one innovative program instituted hoping to spark a tech revolution in tennessee. here to explap is the chattanooga mayor who i think is a genius. thank you for coming on the show. we appreciate your time. >> glad to be with you. melissa: why did you decide technology was key? what made you focus on that? >> well, we had a choice of rebuilding the old electrical system that receivers the city or building something for the future, and even though it was initially more costly, we felt the future was more compelling than the past. chattanooga's an old industrial city. this is new infrastructure. fiber to the home is something othe
MSNBC
Jan 31, 2013 12:00pm PST
extended the bush tax cuts for those under $450,000, modified the state tax, moved the capital gains rate up to 20%, was that a good or bad deal for the american people? >> we don't know yet because what we did is half of the budget. the tax cut part of the budget. we didn't do how to pay for it part of the budget. the problem that we have gotten ourselves in to is people trying to do budgets as if the taxes and spending are unrelated. they keep talking about reducing the size of government with unspecified cuts or to spending problem, not a taxing problem. but when you try to pin people down on numbers, you find out that what they're talking about is spending too much money on social security, medicare, head start, transportation or even embassy security. if you look at the budget last couple of years, embassy security was being cut so when they talk about these cuts, without specifying them, you're not really doing a budget. we passed -- we passed a -- almost $4 trillion tax cut without an indication of how to be paid for. now we have the sequester kind of hanging over our he
FOX News
Jan 23, 2013 9:00pm EST
part of a generous if idiotic gift that will include ten jets and 200 abrams tax, at the time with mubarak and the current president morsi is hardly someone demonstrated he's committed to keeping peace with israel. i want to take a moment and remind our president before he delivers the remaining parts of the deal to morsi, exactly who he's dealing with, mohammed morsi is a muslim brotherhood member, a 9/11 truther, called the israelis descendents of apes and pigs and called them vampires and killers and stands with the palestinians and told an iranian news agency he'll reconsider the camp david accord and pushed through a sharia focused constitution and one more thing, mr. president, he called you a liar and america the enemy. here with the reaction of the troubling story former new york mayor rudy guiliani. you know the first questions that come to my mind are, why would anyone give these planes when they likely will be used to attack israel? >> it's hard to figure out exactly what else they could be used for. explain to me where egypt is threatened. egypt is not threatened by sau
SFGTV
Jan 30, 2013 11:30am PST
hotel tax revenue. in addition, in 2009 the board approved the delivery of certificates of participation as well as the establishment of a [speaker not understood] improvement district allowing for the district to levy assessmentses of up to 1.5% to do improvements. .5% of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. so, we've already established that partnership whereas in the first three pieces were voter approved and this is nonvoter approved. and we also partnered with sf travel improvement. we are now proposing as part of the expansion another collaboration. so, this is similar to what we've done historically. >> thank you. >> this slide is a highlight of attachment 3 of the budget analyst and legislative report. it shows you a huge cash flow. we are proposing a not to exceed amount of 507.9 million, and we've assumed an interest rate of 6%. we are requesting that as part of the approval you authorize the [speaker not understood] to use comme
Current
Jan 29, 2013 8:00pm PST
current ceo and past ceo when they're not paying any taxes. great story, great show. go time. [ ♪ theme music ♪ ] >> cenk: all right, welcome to "the young turks." so now we've got a lot of trouble in the middle east. for example in syria we have yet normas kerr. this one in alepo. at least 65 bodies found by a riverbed up to as many as 80 now people are reporting. they were brought to that school that you're seeing now and people are picking through to see who was massacred there. their hands were tied behind their backs, and they were shot in the head. now, one more story about syria iran has jumped in the mix here, in aid to the ayatollah said syria plays a very key role in supporting or god forbid destabilizing the resistance front. for this reasons an attack on syria is considered an attack on iran and iran's allies. the reason why that is devastating is if there is any action taken in syria here we go. it's a much larger war. these are not good times in the middle east, and it is significant trouble, but also in egypt we have trouble there. we had a curfew imposed i
FOX News
Jan 26, 2013 12:00pm PST
to get it back. >> we can stop doing it if we stop spending a lot of money on war. >> taxing people that have a lot of money is not unfair. we don't need people to be as rich as they really are. >> and for the record bush did spend an astounding 3 trillion per year average over 8 years, but obama spent 3.8 trillion per year so far and that is adjusted for inflation so obama spent 25 percent more. they don't believe there. they think it's all bush. they think it's all bush's fault. >> it's a special kind of kool-aid. it's half worship mixed with mass illusion and they are all drinking it. they couldn't answer the question how are you going to pay for it? look at the riots and protests and killing and tlhreats that ae happening in that country. >> this is the scariest part. i assume we will become greece. i hope we can avoid greece. the reaction of people in greece is not to say gee we messed up we spent too much. it's to be angry about the politicians who want to cut back a bit and how do they take it out? they bomb the homes of tv commentators who support some cuts. >> it's the guy
FOX Business
Jan 29, 2013 12:00am EST
the bush tax cuts? >> yes. >> a lot of people railed against bush and also against obamacare that is how they got the majority in the 2010 election. >> it's the economy. liz: david and gains. david: cheryl casone, good to have you here. thank you so much. melissa: i am melissa francis and here's what is "money" tonight. it could be the next california. how close is the breaking point and can the taxman save it? the power panel breaks it down. plus, he's in what is going on in salt lake city lately? a group of doctors declared a health emergency warning premature birth and miscarriag miscarriages. the group's leader joins us with the diagnosis. and unusual hand drawn top nba recruits three high-stakes poker tournament. not sure they make great executives. the man behind the plan joins us exclusively to lay out his cards. even when they say this not, it is all about money. so tonight we start with a huge hit to illinois, the critic has been knocked down from an aide to an a- from credit rating agency. now tied with illinois the lowest rating in the country. is our country going down
CSPAN
Jan 25, 2013 6:00am EST
years both of the tax consistent with spending. and nobody ever put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011, and the way here it is now being placed on the table again. it's a big mistake and 2011 to create this degree of uncertainty and fear in the u.s. and around the world and the big mistake to do it again today. >> why would any good thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending rather than the other legislative opportunities it would have? what would the reason be? certain not to embarrass the united states of america. >> i have no idea, mr. rangel, but i can tell you that -- >> well, if you don't have any, then maybe it is the objectives of this president at whatever cost, some leaders our so-called leaders have said, that they want to stop this president and the were unsuccessful in that measure. so maybe, maybe they decided to change tactics and maybe this discussion is a necessary and we find some of the way to a handle on the deficit. at me tha
CSPAN
Jan 28, 2013 5:00pm EST
issue on taxes, which romney was not able to rebutt or make the argument for. look, let's be honest about this. romney was a man who spoke conservatism as a second language. you remember in one of the primary debates he wanted to show up as conservative as he was and he ran a severely conservative administration as governor of massachusetts. severe is a word you associate with head wounds and tropical storms. [laughter] >> not with the government. he had trouble making the case. we have a strong bench, half of whom is here at your conference, young governors, ryan, we have rubio in congress, a whole slew of gun governors, a generation who is adept, you could say marinated in conservative philosophy. thinking very deeply about a new kind of conservatism but they for their own reasons, some personal, some they were simply too new and young and raw, weren't quite ready to not run. we had a weak field in the primaries, extremely weak, of whom romney was obviously the best and only possible presidential candidate. you he was -- but he was weaker than the ones sitting on the bench and who
CBS
Jan 30, 2013 12:00pm EST
newtown, connecticut. taxes and what we're going to do about the transportation trust fund. whether there should be a gasoline tax. whether there should be an increase in the sales tax. and wind. whether we should build a wind farm off of ocean city. and of course the big thing is jobs. he is going to talk about how the state has done a good job in creating jobs during the recession. >> let's turn now to charles robinson who is in the house of delegates chamber. charles, what's happening there? >> i am here inside the chamber. they are doing the the introductions. first and foremost, the mayor of washington, d.c. is here. that's mayor benson gray. there are five foreign ambassadors that are here, and they are always invited to see how democracy works. in addition to that, there are a number of individuals who are here who should be here who aren't here. i want to point out yesterday there was -- the county executive from an rondo county was relieved of his post after being found guilty. we're not going to have his replacement here today, if you will. in addition to that, i wanted yo
CSPAN
Jan 29, 2013 1:00am EST
quote people who will pay taxes, who will contribute to the economic well-being is a very good thing, and we aim to get it done.
ABC
Jan 28, 2013 11:00pm EST
able to work while background checks were done. but there would be fines and back taxes to pay and an environment r requirement to speak english and pass a civics test. why is the gop getting on board now. >> elections, elections, the republican party is losing the support of our hiss tannic citizens. >> -- hispanic citizens the plan also require it is country secure the borders. . >> and the president will soon decide on a bill to send more than 5(000)000-0000 to help with the relief efforts from superstorm sandy. the senatepassed the bill today. ifsigned the money will go to help people and businesses trying to rebuild from the storm. >> ill lis it evidence played in the barnes murder case. apornographic video was played. the prosecution says that's when the dynamic between barnes and johnson changed. they claimjohnson killed barnes and dumped her body. the trial picks up again tomorrow morning in annapolis, anne arundal county john dee pold did not take the stand -- leopold did not take the stand in his own defense. he faces three counts of misconduct in office and one count of fra
ABC
Jan 23, 2013 11:00pm EST
proposing increasing the gas tax. thegovernor proposed it early on but left it out of the budget. miller says his proposal could raise about (30)000-0000 a year. the money is three hundred million dollars a year. >> new at 11:00, it's another crack in the glass ceiling, women will soon be allowed to serve in the front lines of the military. pinetta has been taking steps toward making this happen. last year, women were allowed in positions close ore the front line just not in them. now each branch has until next spring to move them closer. >> if they meet the standard, we just gained another soldier for our front line and that's good. >> some f these positions could open up as early as this year. more elite jobs like knave vie sales -- navy seals could take longer. we want to know how you feel about this, join in at abc2news.com /facebook. >> hillary clinton faced republican critics today answering questions about the terrorist attack in ben gasoline sooe. she told the panel that she took deaths personally insisting that the most important thing lawmakers can do now is make sure it doesn'
ABC
Jan 31, 2013 11:00pm EST
and ammo have been flying off shelves. a 50% tax on ammo has been introduced. legislation has been introduced to limit ammo you can buy. >>> you heard her story. tonight the name of a woman and our exclusive interview. >>> maryland's most powerful radar tracking snow to the west. how this could impact your commute, ahead. >>> this purple pride. the wager our top cop is making on the game when we come back in 60 seconds. . >>> the owners of a clinic forced to close are keeping quiet but the family is talking. tonight they're opening to us in an exclusive interview. >> you'lla witherspoon was a private person. after we found them by digging through state records, the family decided the time was right to tell her story. when you dine out an inspection lets you know the restaurant is safe. same with your car, the daycare. the state looks at all these things to protect you and your family from harm. but sometimes we just assume things are getting a closer look. >> they think my barber needs to be certified. there has to be some oversight. >> reporter: oversight in the operating room. ho
CBS
Jan 30, 2013 7:00pm EST
repeal it. guns is going it be a big issue because of what happened in newtown, connecticut. taxes and what we're going to do about the transportation trust fund. whether there should be a gasoline tax. whether there should be an increase in the sales tax. and wind. whether we should build a wind farm off of ocean city. and of course the big thing is jobs. he is going to talk about how the state has done a good job in creating jobs during the recession. >> let's turn now to charles robinson who is in the house of delegates chamber. charles, what's happening there? >> i am here inside the chamber. they are doing the the introductions. first and foremost, the mayor of washington, d.c. is here. that's mayor benson gray. there are five foreign ambassadors that are here, and they are always invited to see how democracy works. in addition to that, there are a number of individuals who are here who should be here who aren't here. i want to point out yesterday there was -- the county executive from an rondo county was relieved of his post after being found guilty. we're not going to have h
SFGTV
Jan 31, 2013 9:00pm PST
cpr of 3%. it doesn't assume any additional growth in hotel tax revenues and so on. by using those conservative assumptions we have discussed and in agreements with sf travel we would establish a stabilization fund of approximately 2 million. and the idea was by looking at the last 10 years we realized [speaker not understood] general tax revenues were volatile. the idea is you could essentially get a 50 million loss over a given period. so, the idea that this account [speaker not understood] and would be replenished over time if the city should use it. additionally, using conservative rates, that could potentially be situationses where the city's component in addition to the 87.5% of [speaker not understood] would not be sufficient to pay debt service. the idea would be the city would pay that debt service and then get reimbursed with future collection. additionally, the [speaker not understood] fund is for the final -- the 20 47 maturity, which would -- because we're asking for an extension, we don't know what the market would be like. we proposed going further than the 20 45 exp
KOFY
Jan 24, 2013 12:00am PST
.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores district is changing the locks in an effort to protect students. by the end of february classroom doors in the lafayette school district will have newahandles that lock from the inside with a push of a button. the old doors locked only from the outside using a key. school officials say it will improve security in the wake of the sandy hook elementary tragedy ?ie. manti te'o -- >>> manti te'o admits he lied about the hoax even after he found out about the truth. he told katie couric that he enjoyed the feeling he was inspiring other people. >> my story i felt was a guy who in times of hardship and in times of trial really held strong to his faith, held strong to his family. i felt that was my story. >> even if that hardship was perhaps exaggerated?
FOX
Jan 29, 2013 11:00pm EST
that money back, or even a future tax break. the mayor wants to keep it all in savings. that is leaving some residents upset. >> it doesn't get much better. $1.5billion in the bank. 55 construction cranes currently building projects and 1100 new residents moving to the district each month. >> i like them coming to the city. they paid a lot of taxes. so the city is in great demand. once on the hill, this is a hip city. >> it may be hip, but it isn't cheap to live here. many consider taxes too high and a huge surplus announced, maybe it's time to adjust the tax rate. >> i think lowering the taxes would be a great idea. everybody could use a couple extra thousand. >> i'm sure the city needs some as well. but the taxpayer needs it. >> but mayor gray shot down that idea. >> i'm not in a position where we should be reducing taxes. >> the extra money was raised through speed camera fines, corporate taxes, and $50 million was generated when one very wealthy resident died. but the mayor has decided not to spend all the money. he wants to bank it instead. >> i was incredibly disappointed. >> with
KICU
Jan 29, 2013 4:00am PST
beach county's business development board...joins us via skype. good morning.. is paying taxes the impetus behind the move? > >yes it certainly has created a tremendous amount of interest in states like new york, connecticut, and new jersey specifically continue to increase their business taxes. ceo's of hedge funds and private equity firms are calling palm beach county in record numbers. > > federal tax rates are the same in florida as they are in new york or anyplace else, but there is no state income tax in florida. are hedge fund owners actually revealing how much money they save by moving to your state? > > yes they are. we also have done an analysis. we have local accountants on board as part of our hedge fund committee team that have done comparisons and are tailoring comparisons based upon our taxes here in florida and the taxes that they are paying from their respective state. so, you look not only at the taxes---we don't pay a state personal income tax---but the cost of living here in palm beach county is significantly less compared to the northeast. > > what did you find
ABC
Jan 23, 2013 5:00pm PST
. state revenues are up because of a jump in income taxes but there may be a backlash that is brewing. we're live with the story. >> republican state lawmakers believed california's higher taxes drive away successful people. now, they can point to pro golfer. >> i love this state. >> the professional golfer said he may move out of california because voter as proved a higher income tax on the wealthy. the he emphasized he shouldn't have talked about it until he had a plan in place. >> my apology is talking about publicly. because... i shouldn't take advantage of the form i have as a professional golfer to try to ignite change. over these issues. >> the champion said higher taxes plus an end to the bush cuts to the wealthy will take 60% of his income. >> 60% of your intum coming up? >> state republicans said i told you so. they've said higher taxes give the wealthy incentive in california. >> i just have a feeling others goring to do the same thing. >> a majority of tour players live in florida and texas. lower taxes drove this native southern california tiger woods to the sunshine stat
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